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Debt (Tables) | 3 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Debt |
|  | December 31, 2024 |  | September 30, 2024
|  | Interest Rate |  | Maturity Date |  | Carrying Value of Debt(6) |  | Carrying Value of Debt(6)
Revolving Credit Facility(1) |  | 6.21 | % |  | Nov 2027 |  | $ | 51,000 |  |  | $ | 56,000 |
Avondale Term Loan(2) |  | 6.60 | % |  | May 2028 |  | 28,169 |  |  | 28,390 |
Lisle Term Loan(3) |  | 6.55 | % |  | Apr 2029 |  | 36,710 |  |  | 36,929 |
Finance lease(4) |  | 6.02 | % |  | Jan 2029 |  | 4,546 |  |  | 4,768 |
Total debt |  |  |  |  |  | 120,425 |  |  | 126,087 |
Debt issuance costs presented with debt (5) |  |  |  |  |  | (360) |  |  | (383) |
Total debt, net |  |  |  |  |  | 120,065 |  |  | 125,704 |
Less: current portion of long-term debt |  |  |  |  |  | (2,738) |  |  | (2,697) |
Long-term debt |  |  |  |  |  | $ | 117,327 |  |  | $ | 123,007 |
(1) Interest on the Revolving Credit Facility (as defined below) accrues at an annual rate equal to Term SOFR plus a margin of 1.85%. (2) Interest on the Avondale Term Loan (as defined below) accrues at a rate equal to one-month Term SOFR plus 2.0% and a tranche adjustment of 0.046%. (3) Interest on the Lisle Term Loan (as defined below) accrues at a rate equal to one-month Term SOFR plus 2.0%. (4) The finance lease is related to a facility lease with an annual interest rate of 6.02% that matures in 2029. See Note 7 for additional details on our finance lease. (5) The unamortized debt issuance costs relate to the Avondale Term Loan and the Lisle Term Loan. (6) The Revolving Credit Facility, Avondale Term Loan, Lisle Term Loan and finance leases bear interest at rates commensurate with market rates, and therefore, the respective carrying values approximate fair value (Level 2).
Schedule of Maturities of Long-term Debt | Scheduled principal payments due on our debt for the remainder of 2025 and for each fiscal year through the period ended September 30, 2029, and thereafter were as follows at December 31, 2024:
Maturity |  | Revolving Credit Facility & Term Loans |  | Finance Lease |  | Total
Remainder of 2025 |  | $ | 1,323 |  |  | $ | 712 |  |  | $ | 2,035 |
2026 |  | 1,837 |  |  | 1,029 |  |  | 2,866 |
2027 |  | 52,909 |  |  | 1,131 |  |  | 54,040 |
2028 |  | 26,610 |  |  | 1,239 |  |  | 27,849 |
2029 |  | 33,200 |  |  | 435 |  |  | 33,635 |
Thereafter |  | — |  |  | — |  |  | — |
Subtotal |  | 115,879 |  |  | 4,546 |  |  | 120,425 |
Debt issuance costs presented with debt |  | (360) |  |  | — |  |  | (360) |
Total |  | $ | 115,519 |  |  | $ | 4,546 |  |  | $ | 120,065 |

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